Many countries gave green light to Facebook’s Global coin but there are countries such as India and China where Facebook's Global coin received tremendous resistance. Facebook Global coin would bolster the reinvention of cross-border asset transfers, and would also bring new investors into the crypto-market. Facebook’s Global coin would be factored based on government acceptance and in the case of India, it still continues to restrict its banking authorities from supporting crypto. However, India’s new Finance Secretary, Subhash Chandra Garg has shown the interest to re-discuss the status of cryptocurrency acceptance for the world’s largest democracy.